Saba Capital Management Amends Filing for Nuveen PA Muni Fund
Ticker: NQP · Form: SC 13D/A · Filed: Oct 30, 2024 · CIK: 870780
| Field | Detail |
|---|---|
| Company | Nuveen Pennsylvania Quality Municipal Income Fund (NQP) |
| Form Type | SC 13D/A |
| Filed Date | Oct 30, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $57,083,409 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, amendment, closed-end-fund
TL;DR
Saba Capital updated its 13D filing for NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND, listing new group members.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 8) to its Schedule 13D on October 30, 2024, regarding Nuveen Pennsylvania Quality Municipal Income Fund. The filing indicates a change in the group members, specifically listing Boaz R. Weinstein and Saba Capital Management GP, LLC. The filing does not disclose specific shareholdings or dollar amounts in this amendment.
Why It Matters
This amendment signals ongoing activity or changes in beneficial ownership for Nuveen Pennsylvania Quality Municipal Income Fund, potentially impacting its governance or strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's stake or intentions, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen Pennsylvania Quality Municipal Income Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member
- Saba Capital Management GP, LLC (company) — Group member
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment (Amendment No. 8) to Saba Capital Management, L.P.'s Schedule 13D, indicating changes related to their beneficial ownership or intentions concerning Nuveen Pennsylvania Quality Municipal Income Fund.
Who are the listed group members in this amendment?
The listed group members are Boaz R. Weinstein and Saba Capital Management GP, LLC.
What is the CUSIP number for Nuveen Pennsylvania Quality Municipal Income Fund?
The CUSIP number for Nuveen Pennsylvania Quality Municipal Income Fund is 670972108.
When was this amendment filed?
This amendment was filed on October 30, 2024.
Does this filing specify the exact number of shares held by Saba Capital Management?
This particular amendment (Amendment No. 8) does not specify the exact number of shares held or dollar amounts; it primarily updates information regarding group members.
Filing Stats: 1,389 words · 6 min read · ~5 pages · Grade level 11.4 · Accepted 2024-10-30 17:45:37
Key Financial Figures
- $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $57,083,409 — ported herein. A total of approximately $57,083,409 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 57KB
- 0001062993-24-018134.txt ( ) — 58KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: October 30, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 670972108 SCHEDULE 13D/A Page 8 of 8 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/25/2024 Sell 16,500 11.97 10/28/2024 Sell 2,789 11.89 10/29/2024 Sell 2,700 11.84